USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jun 2, 2012

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $158,800,000 for a ticket purchased in Washington, D.C., including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Washington, D.C.

Drawing Date:Sat, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,005,813$304,378$1,521,229
2$2,944,677$1,047,718$316,553$1,580,406
3$3,062,464$1,091,299$329,215$1,641,949
4$3,184,962$1,136,624$342,383$1,705,955
5$3,312,361$1,183,761$356,079$1,772,521
6$3,444,855$1,232,784$370,322$1,841,749
7$3,582,649$1,283,768$385,135$1,913,746
8$3,725,955$1,336,791$400,540$1,988,624
9$3,874,993$1,391,935$416,562$2,066,496
10$4,029,993$1,449,285$433,224$2,147,484
11$4,191,193$1,508,929$450,553$2,231,711
12$4,358,841$1,570,959$468,575$2,319,306
13$4,533,194$1,635,470$487,318$2,410,406
14$4,714,522$1,702,561$506,811$2,505,150
15$4,903,103$1,772,336$527,084$2,603,684
16$5,099,227$1,844,902$548,167$2,706,158
17$5,303,196$1,920,370$570,094$2,812,732
18$5,515,324$1,998,858$592,897$2,923,569
19$5,735,937$2,080,484$616,613$3,038,839
20$5,965,374$2,165,376$641,278$3,158,720
21$6,203,989$2,253,664$666,929$3,283,397
22$6,452,149$2,345,483$693,606$3,413,060
23$6,710,235$2,440,975$721,350$3,547,910
24$6,978,644$2,540,286$750,204$3,688,154
25$7,257,790$2,643,570$780,212$3,834,008
26$7,548,102$2,750,985$811,421$3,985,695
27$7,850,026$2,862,697$843,878$4,143,451
28$8,164,027$2,978,878$877,633$4,307,516
29$8,490,588$3,099,705$912,738$4,478,144
30$8,830,211$3,225,366$949,248$4,655,598
Total$158,800,000$57,501,632$17,071,000$84,227,367

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.